This just in ladies and gentleman:
David Hall Senior Vice President for Quicken Loans / Rock Financial
Was fired last week for mortgage fraud!
Quicken Loans is being very quite about his departure not letting any information out about his fraudulent activities since it would inevitably damage their reputation.
David Hall joined QL/Rock back in 1985 and rose to become the head spokesperson for the organization creating a multitude of advertisements in both radio and print media.
He is individually responsible for training thousands of bankers over his ten year at the organization. As a Senior Vice President he was paid a portion of the total revenue a loan generated rather than just the flat $200/loan. For years he has been in a position to benefit greatly from fraudulent loan activities.
I guess this just goes to show how QL expects bankers to survive in a difficult market. It seems to me that the fraudulent activities of those in the industry have added to the current credit crisis in the US. The activities of David Hall and those illegitimate bankers at QL are partly to blame for the current downfall in home prices and access to available credit to those whom are worth to lend to.
Way to go Quicken Loans your top guy is defrauding Americans and creating a worse world for all of us. This is what they mean by the ISM "Doing the Right Thing"
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